Cboe halts Bitcoin futures area unit created as a welfare for a process renowned territorial dominion mining. They bathroom be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in , here were to million unique users using a cryptocurrency wallet, most of them using bitcoin. Jun 10, · Chicago Board Options Exchange (CBOE), the world’s largest options market, will reportedly settle the last Bitcoin futures contract on June With the expiration of . The move comes at time when Bitcoin trading volumes have seen up to 80% declines since early , with CBOE XBT products failing to generate more than $1B in notional trading volume since May
Cboe trading halt bitcoinBitcoin Futures Will No Longer Be Traded On CBOE | Coinspeaker
Specifically, Coty reported a surprise profit for its fiscal first quarter, announced on Nov. The company posted adjusted earnings per share of 11 cents, compared to the 5 cents-per-share loss analysts had forecasted. Wall Street is now hopeful that Sue Nabi is taking Coty in the right direction after several failed turnaround attempts for the cosmetics company that has been in business since Professional basketball, baseball, football and hockey should welcome fans back to stadiums and resume their regular schedules.
And it all bodes well for sports betting operator Draftkings. Not only will most major sporting events resume as normal in the New Year, but there are growing expectations that more U. Analysts at Oppenheimer recently noted that many states face revenue shortfalls due to the Covid pandemic, and, as budget deficits swell, they may turn to sports betting as a new revenue source.
Oppenheimer expects New York, Massachusetts, Connecticut and Ohio to legalize sports betting in the coming year. That would certainly help lift DKNG stock to new heights.
And several companies are positioned to capitalize on the 5G revolution that is expected to take society into new technological realms. Qualcomm is one of the companies that will most likely reap rewards from 5G. The semiconductor and software manufacturer is benefiting from the use of its microchips in various 5G wireless technologies and platforms.
In particular, Qualcomm chips are being inserted into a growing number of 5G Android cell phones. And analysts see big things ahead for the stock. Morgan Stanley named Qualcomm as one of 10 stocks best positioned to benefit from the global 5G roll out.
Given the continued roll out and adoption of 5G networks and technologies around the world, the coming year looks very bright for Qualcomm and its shareholders. This is the time for companies such as UPS to shine, and the Atlanta, Georgia-based company is doing just that.
UPS is ramping up its operations and working double time to meet unprecedented demand and help all of us get through the global pandemic. Heading into , UPS has momentum on its side. The company saw strong gains in its third quarter earnings. While UPS declined to provide forward guidance on its earnings, the company has aggressively expanded its North American operations throughout The company has also hired more than 5, employees amid the pandemic.
As such, the company shows no signs of slowing down heading into the New Year. Joel Baglole has been a business journalist for 20 years. Beijing is targeting the e-commerce giant and its co-founder. Regulators are likely to go after other companies too. American and Canadian governments provide many of the same types of services for those in retirement, but the subtle differences between the two countries are worth noting.
Nouriel Roubini, aka Dr. Doom, slams Bitcoin and other cryptocurrencies as being driven by manipulation. Since then, its stock has taken a remarkable rise. Why is a bit of a mystery. A series of events — allegations of fraud committed by founder Trevor Milton, his subsequent resignation, a severely underwhelming deal with General Motors — have sent investors to the exit gates.
Now it looks like even the trash wants nothing to do with Nikola. On Wednesday, the company announced that its plan to design and build BEV garbage refuse trucks for waste collection company Republic Services has collapsed. The company has cited that the cost to build the trucks would be higher than expected and would take too long, after both sides concluded that building the refuse truck using the Nikola Tre as its base would not work.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Chinese authorities investigate an e-commerce giant, Google may be tightening its grip on research and VCs weigh in on the year's biggest surprises.
China's State Administration for Market Regulation said that it's investigating the e-commerce giant over a policy that forces merchants to sell exclusively with Alibaba and skip rival platforms JD. Affiliate Ant Group Co. Roughly million shares exchanged hands, the most for a single session since its debut. Alibaba said in a statement it will cooperate with regulators in their investigation, and that its operations remain normal.
Ant said in a statement on its official WeChat account it will study and comply with all requirements. As of early December, the man most closely identified with the meteoric rise of China Inc.
His very public rebuke is instead a warning Beijing has lost patience with the outsize power of its technology moguls, increasingly perceived as a threat to the political and financial stability President Xi Jinping prizes most.
Tencent and internet services giant Meituan finished more than 2. The regulations specifically warn against selling at below-cost to weed out rivals. The mouthpiece of the Communist Party said in a commentary Friday that Chinese internet companies should regard the inquiry into Alibaba as an opportunity to improve their awareness of fair competition and anti-monopoly practices.
The chances that Ant will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, which in past years has boomed as an alternative to traditional state-backed lending. China is said to have separately set up a joint task force to oversee Ant, led by the Financial Stability and Development Committee, a financial system regulator, along with various departments of the central bank and other regulators.
The group is in regular contact with Ant to collect data and other materials, studying its restructuring as well as drafting other rules for the fintech industry. What Happened: On Wednesday, Inovio published a paper including Phase 1 data on INO, which was found to have been immunogenic in all test subjects. In addition, Phase 1 testing generated no serious adverse safety events and only six Grade I adverse events, which were mostly minor injection site reactions.
Yet Moderna's vaccine must be stored and transported at temperatures of negative 20 Celsius, and Pfizer's vaccine must be stored and transported at temperatures of negative 70 Celsius, colder than winter temperatures in Antarctica. INO, on the other hand, is stable at room temperature for more than one year. It also doesn't need to be frozen during transporter storage, potentially making it faster and more cost-effective to distribute.
Benzinga's Take: Assuming it is as effective and safe as competing vaccines, Inovio's candidate could ultimately end up being the standard-bearer for COVID and future coronavirus vaccine variants.
These are the top dividend stocks in the Russell with the highest forward dividend yield for January. First thing's first, what are penny stocks? Penny stocks are well-known for their volatility aside from just their cheap price. First, understand what you're buying and why you're buying it. Just saying you trade penny stocks isn't the goal.
You're in the market to make money. So, identifying entry and exit targets are obviously important. What's more, is you should have a basic strategy in mind. Are you looking at day trading penny stocks or do you have a longer-term idea in mind? Also, it's important to account for the swings in price and how fast they're happening. Case in point, small-cap stocks are red hot right now. When finding penny stocks to buy, make sure you assess each trade independently and plan accordingly.
Furthermore, day traders wouldn't normally jump into a stock that is barely fluctuating in price. As a rule of thumb, the lower the price, the higher the volatility. That's simply for the fact that a small move in price equates to a larger percentage change. The exchange announced the launch of Bitcoin futures a year and a half ago, when Chris Concannon, the then-President and Chief Operating Officer of Cboe Global Markets, claimed the derivatives to be real game changers set to revolutionize the traditional sphere of finance and boost cryptocurrency acceptance:.
Then the company stated:. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Moreover, on May 13, CME Group reached a record high volume of 33, contracts for Bitcoin, processing more than a billion dollars in a single day. While CBOE was relying only on Gemini listing, CME was collecting the data from several marketplaces, which resulted in the growing confidence of traders in the trustworthiness of the exchange.
Eugenia can call herself a multy-interested person, as she is always in search of new proffessional fields to encompass. Do you think the removal of cash-settled bitcoin futures will have a positive effect on the market? Share your thoughts below! Could you be next big winner? I consent to my submitted data being collected and stored.